Barack Obama’s remark that Donald Trump’s White House resembles a Cheesecake Factory prompted responses from Trump, the White House and Treasury Secretary Scott Bessent. The dispute unfolded as Obama campaigned in Ohio for Democratic and Republican candidates ahead of the November 3 midterm elections. Cheesecake Factory nevertheless reported record quarterly revenue of $1.03 billion, up 14%, while comparable sales rose 15.2%. Adjusted earnings reached $1.02 per share, exceeding Wall Street forecasts, and the company expects to open as many as 26 restaurants this year. Its stock has also more than doubled this year, driven partly by social media engagement and the enduring appeal of its upscale casual-dining concept as fast-food prices rise.
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